Moody Aldrich Partners LLC Sells 657 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Moody Aldrich Partners LLC lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 18.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,973 shares of the e-commerce giant’s stock after selling 657 shares during the quarter. Moody Aldrich Partners LLC’s holdings in Amazon.com were worth $652,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Accordant Advisory Group Inc boosted its holdings in Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock worth $27,000 after acquiring an additional 100 shares in the last quarter. Hoese & Co LLP acquired a new position in shares of Amazon.com during the third quarter worth approximately $37,000. Bull Oak Capital LLC acquired a new position in shares of Amazon.com during the third quarter worth approximately $45,000. Values First Advisors Inc. bought a new position in shares of Amazon.com in the 3rd quarter worth $56,000. Finally, IFS Advisors LLC grew its position in Amazon.com by 1,625.0% in the 4th quarter. IFS Advisors LLC now owns 345 shares of the e-commerce giant’s stock valued at $76,000 after purchasing an additional 325 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insiders Place Their Bets

In other Amazon.com news, CEO Matthew S. Garman sold 15,260 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $200.19, for a total value of $3,054,899.40. Following the completion of the transaction, the chief executive officer now owns 349,261 shares of the company’s stock, valued at $69,918,559.59. The trade was a 4.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jonathan Rubinstein sold 4,351 shares of the firm’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the sale, the director now owns 88,203 shares in the company, valued at approximately $20,273,459.55. This trade represents a 4.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 50,611 shares of company stock worth $11,122,402 in the last ninety days. 10.80% of the stock is currently owned by insiders.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $226.45 on Wednesday. The company has a 50 day moving average of $228.26 and a 200 day moving average of $202.87. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The stock has a market cap of $2.38 trillion, a P/E ratio of 40.95, a P/E/G ratio of 1.36 and a beta of 1.15. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 25.49%. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 6.24 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AMZN. Telsey Advisory Group restated an “outperform” rating and set a $275.00 price objective on shares of Amazon.com in a report on Friday, February 7th. Canaccord Genuity Group upped their target price on shares of Amazon.com from $265.00 to $280.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Roth Mkm raised their price target on shares of Amazon.com from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Barclays boosted their price objective on Amazon.com from $235.00 to $265.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Finally, Royal Bank of Canada raised their target price on Amazon.com from $255.00 to $265.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Two analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and an average target price of $260.74.

Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.